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On December 30, 2020, Jared Company reported Accounts Receivable of $350,000 and an Allowance for Doubtful Accounts of $280,000. On December 31, in wrapping
On December 30, 2020, Jared Company reported Accounts Receivable of $350,000 and an Allowance for Doubtful Accounts of $280,000. On December 31, in wrapping up its year-end adjustments, Jarred Company wrote off an uncollectible account of $5,000. What is the net realizable value of the accounts receivable that should be reported on the December 31, 2020 balance sheet? OA $65,000 O$70,000 OC $60,000 On $75,000
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